Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
Thai Baht/British Pound (FOREX:THBGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for THBGBP
The long term trend has been UP since May 1st, 2018 at 0.023120
The intermediate term trend has been UP since Feb 5th, 2019 at 0.024677
The short term trend has been DOWN since Feb 19th, 2019 at 0.024730
Smart Scan Analysis for THBGBP
Based on a pre-defined weighted trend formula for chart analysis, THBGBP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).